Axis Money IQ Knowledge Nugget - 144
Axis Mutual Fund
A responsible investor needs a responsible partner. And we're here to walk with you in your responsible journey.
Retirement Planning? Karo Shuruaat SIP se!
Retirement is not the end of life; it is the beginning of a new journey. Retirement planning is not optional and should be considered at a very early stage in life, considering that your income may get drastically reduced and you may be dependent on your savings and investments. A systematic investment plan (SIP) starting at an early stage can ensure financial independence and help you retire in peace.
Consider the following example to understand how important retirement planning is.
The current Inflation rate in India is 4.54%. So, if a family needs Rs.20,000 for basic monthly expenses today, after 30 years, they will need more than Rs.75,000 a month. Proper planning for retirement is thus not a luxury, but a necessity. Starting early helps a person enjoy the benefit of compounding, which is earning a return on already accumulated returns.
How can SIP help in retirement planning?
An SIP involves regular investments in a particular fund. Typically, a lot of us fall prey to the “impulse buying” attitude. We try to save what is left after spending, and most of the time, nothing is left to save. SIP inculcates the much-required discipline in investing.
Here are a few features of SIP that can help you achieve your retirement goals:
领英推荐
Thus, considering the above-mentioned benefits of SIP, it does make for a considerably good tool to start your retirement planning with. Retirement planning, after all, is not as complex is it seems. All you have to do is start early and invest consistently.? What better option than an SIP to do that?
Disclaimer: This article represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors, or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. Investors are requested to consult their financial, tax, and other advisors before making any investment decision(s).
Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.? No representation or warranty is made as to the accuracy, completeness, or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time.
Past performance may or may not be sustained in the future.
For more nuggets around mutual funds, do visit Axis MF MoneyIQ
An investor education and awareness initiative by Axis Mutual Fund.
Investors have to complete a one-time KYC process. Visit?www.axismf.com?or contact us on?[email protected]?for more information. Investors should deal only with Registered MFs, details of which are available on?www.sebi.gov.in?- Intermediaries/Market Infrastructure Institutions section.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.